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Edward "Ted" Pick (born October 31, 1968) is an American business executive who became the CEO of Morgan Stanley on January 1, 2024, following James P. Gorman, who remained executive chairman of the board. On January 1, 2025, Pick will succeed Gorman as chairman of the board of Morgan Stanley. [1] [2] [3]
Ted Pick, Andy Saperstein and Dan Simkowitz have been given a $20 million stock award each, but Morgan Stanley wants to get its money's worth.
Dean Witter's chairman and CEO, Philip J. Purcell, became the chairman and CEO of the newly merged "Morgan Stanley Dean Witter Discover & Co." [8] [9] The new firm changed its name back to "Morgan Stanley" in 2001. [10] [11] [12] The main areas of business for the firm today are institutional securities, wealth management and investment management.
Pick, a Morgan Stanley veteran who rose through the ranks to lead the bank’s Wall Street operations, will report for duty as the company’s chief executive starting Jan. 1, 2024. He will also ...
While CEO of Morgan Stanley in 2006, Mack earned a total compensation of $41,399,010, which included a base salary of $800,000, stocks granted of $36,179,923, and options granted of $4,019,934. [ 23 ]
The results offered a boost to new CEO Ted Pick, who started the top job in January. Net income was $3.4 billion, up 14% from the year-earlier period and up 125% from the fourth quarter.
He has been executive chairman of Morgan Stanley since 2012, and was CEO of the firm from 2010 through 2023. Before becoming CEO, he was the co-president and co-head of strategic planning at the firm. [3] [4] Starting in January 2025, he will become chairman of The Walt Disney Company. [5] [6]
Gorman had announced in May he would step down as the company’s CEO within the next 12 months, ending his tenure as one of the longest-serving heads of a US bank. He became CEO of Morgan Stanley ...